Forgent reports 103% revenue growth, record $867M bookings, raises FY2026 guidance

Filed May 14, 2026 · Period ending May 14, 2026 · ~1 min read

Key Changes

• high

  Q3 revenues hit $379M (up 103% YoY) with record bookings of $867M (up 308% YoY) and a 2.3x book-to-bill ratio. Backlog reached $1.98B, up 157% YoY, signaling strong future revenue visibility from data center and grid infrastructure demand.

  Exhibit 99.1 verify on EDGAR →
• high

  Company raised full-year FY2026 guidance: revenues now $1,350-$1,390M (82% growth at midpoint), Adjusted EBITDA $310-$320M (86% growth), and Adjusted Net Income $197-$207M (128% growth), reflecting accelerating demand and strong execution.

  Exhibit 99.1 verify on EDGAR →
• high

  Adjusted EBITDA margin expanded 200 basis points sequentially to 22.4% despite under-absorbed labor and overhead from facility ramp-up (1.8% of revenues, down from 2.0% in Q2). Further margin expansion expected in Q4 as production volumes increase.

  Exhibit 99.1 verify on EDGAR →